Explain new electric process??

Hi,
I’m about to get the ball rolling on getting electric installed on our property up north. I kinda understand, but would like to know what I’m talking about before I call the co-op on Monday. If I understand this right, the co-op will run a underground line from the closest exisiting transformer to a new transformer on my property. I heard that the first 50 feet is free? I understand that I will be responsible for a 500 dollar transformer fee and also responsible to erect a meter loop. I don’t know what that is! I know nothing about electricity or how it is installed.Has anyone had new electric installed, could you walk me through the process? Thanks!

We hired a electrician to do from the transformer to the box in the cabin, although we did dig the ditch Can’t help you there. I believe a meter loop, can be 4×4 posts in the ground, more than 4 feet deep and a piece of plywood… basically, it’s where the meter hangs. We had a pole put in the yard, so we had them put the meter right on the pole.